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South Lake Tahoe Real Estate Update

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January 12th            

  

 
866.542.2912  
In Honor of Martin Luther King Day 

 

Please join us as we remember commemorate the legacy of Martin Luther King Jr, his teachings are needed now more than ever. Please visit this wonderful article about the true meaning of this special day. 
Wishing You A Wonderful Start to 2018

 

As our valued client, as well as a Lake Tahoe property owner, Deb Howard & Co., “Lake Tahoe’s Real Estate Resource” and our team of specialists are even more committed to providing stellar customer service. Our up-to-date, relevant real estate analysis enables us to navigate the ever changing markets on your behalf.  As we enter new waters of 2018, we write to share our Lake Tahoe real estate forecast.
Good news-2018 should be a year of continued stabilization in our South Shore Lake Tahoe real estate markets with slow but steady growth, both in sales at 2.5% – 1.5% and pricing projected at 3.5%- 4.5% appreciation as forecast by National Assoc.of Realtors and California Assoc .of Realtors respectively.  Since we hit the bottom of the market in 2012, we have seen double-digit uptick in pricing (year over year) but a decline in sales due to low inventory and pricing increases presenting affordability issues.  The good news-US underlying economic fundamentals are forecast to be stable: GDP at under 3.5%, unemployment lowering to 4% and mortgage interest rates projected at historic lows of 4-5% all of which contribute to consumer confidence uptick!
Lake Tahoe and “resort & second home” real estate markets have enjoyed the spotlight historically for following reasons, all of which are fueling stabilized values and driving a new infusion of qualified home buyers, investors and vacation lifestyle buyers:
  • Value pricing coupled with low interest rates
  • Diversification of portfolio toward tangible investment
  • Quality of life and life style desires
  • Attractive investment property opportunities with ROI
  • Revitalized Resort Community with four seasons to enjoy
Whether buying or selling, your timing could be perfect as this market has compelling offerings!  Contact us for a complimentary market analysis of your property value or go to our website www.realtordeb.com to see all Tahoe area properties that are currently for sale, view our current trend and forecast newsletter, and meet our team.  Of course, please visit our office in the South Shore of Lake Tahoe or give us a call!

Thank you again for the opportunity to work with you and we wish you and yours a wonderful New Year full of good health, happiness and goodwill. 

 
Deb Howard
Owner/Broker/Realtor CA/NV. RSPS, e-PRO, CRS, TRC
CA BRE # 01302763/Nv #52501

 

Figuring out when to plunge into the real estate market can be quite intimidating-especially when prices are high, choices are limited, and history urges restraint.
“We’ve seen two or three years of what could be considered unsustainable levels of price appreciation, as well as an inventory shortage that resulted in a record-low number of homes for sale across the country,” says Javier Vivas, director of economic research for realtor.com®. “When you factor those together, you have a market that has to either explode or see some relief.”

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Opens

Open Houses                   

Saturday, January 13th  
 

 
 
1944 Apalachee Dr 
1:00pm-3:00pm 
Wonderful Custom home built in 1993 with unobstructed view of Mt Tallac, pie shop and the Echo Summit ridgeline. This 5 bed 2.5 bath home boast 2576 square feet with single level living upstairs. Sit and take in the views in the open concept kitchen/dining/living room combo while the fires keep the house toasty. Forest service lots behind and adjacent to this property. This place is perfect for a first or second home.
    
Hosted by Mason

 
874 San Jose Ave
 10:30am-12:30pm 
The perfect cabin in the woods. This updated 1 bedroom 2 bath offers the comforts of home with a master suite upstairs, large deck off Master, cozy living room/dining room and kitchen. Only two blocks to Lake Tahoe!! Within walking distance to restaurants, beaches, bus and shopping. Being sold fully furnished so all you need to do is bring your suitcase. This is the perfect weekend get away home!!
Craig Woodward    
Hosted by Craig Woodward 

Opens

Open Houses                   

Sunday, January 14th  
 

    
3793 Lucinda Ct
11:00am-3:00pm 
Spectacular panoramic Lake Tahoe & Sierra Range views. Turn key furnished, currently used as a vacation rental. Enchanting .5 acre grounds backs to acres of forest, finds this impressive mountain lodge of quality custom craftsman design & detail. Heart of redwood & river rock exterior, hosts a split level 2,850 sq. ft home of 3 bedrooms 2.5 bath (master, hall & powder room), Upper floor great room (living, dining & chef’s kitchen) leading to deck taking in the air the angels breath! Master suite & all new bath, step down family room with wet bar & decking for entertaining or curl up with a book by the fire.      
Wally Johnson   
Hosted by Wally Johnson  
 
 
OpensFeatured Listings

    
 
2131 Texas Ave
Lake Tahoe Waterfront Contemporary. Best of both Tahoe worlds with rare privacy and sense of seclusion on cul-de-sac lagoon setting yet has Tahoe Keys amenities including deep water dock/pier and Mtn Views for days WOW! This immaculate single owner home hosts nearly 2000 sq ft of spacious open light and bright spaces, great room anchored by floor to ceiling windows. Open beam cathedral ceilings continue throughout great room to family/eat-in kitchen,all with views opening to the extend your party deck” perched on the sailing lagoon.     

    
 
2073 Cascade Rd
Cascade Properties-Lake Tahoe’s secluded lake front gated community with private pier, where you feel miles away, yet minutes to everything. Located at the base of the Sierras, Emerald Bay and at azure Lake Tahoe water’s edge. Find your way home to this magnificent Mountain Lodge, situated on over.5 acre grounds overlooking Cascade Creek, picturesque framed views of Lake Tahoe and majestic old growth Cedar and Jeffrey Pines. Sells fully furnished.   
 

   
 
1223 Bonanza #9 
A very special unit located in the Corte De Azur complex is now for sale. This is a 3 bedroom, 2 bath ground unit. Updated kitchen and bathrooms, newer flooring throughout, and vinyl double pane windows. Being sold fully furnished. Reasonable homeowners dues include hot water, snow removal, trash and exterior maintenance. Parking for 1 car in the complex with additional overflow across the street. Laundry room is a common area. Perfect for the second home or long term rental.      

 
 
1149 Bonanza 
Near the Y and in walking and biking distance to restaurants, grocery stores, biking and hiking trails. Check TRPA IPES maps and PAS for further information. Buyer will need to complete site assessments and land capability verification. 1 acre parcel perfect for multi-family or residential in centrally located neighborhood.PAS#114- Special area 1-multi family includes IPES score of 969 w/30% allowable coverage per TRPA IPES search and scoring. 

 
 
724 Modesto Ave   
Here is your chance to build your dream home within walking distance to the Lake. This desirable Al Tahoe neighborhood is centrally located with restaurants, beaches, parks and water activities. This lot has an IPES score of 897 with 30% coverage. Drive by and get the creative juices flowing for building that perfect piece of paradise. 

 
 
941 Silver Dollar Ave 
Fabulous 2 acre parcel, located in the midtown area and Highland Woods. Property is zoned per PAS#1047 as SFD plus Area #1 allows for multi family. 12 units per acre. However property is located in Airport Transportation Corridor which limits multi family at this time – Airport Plan is being reviewed with Planning Commission and Council. At this time 1 unit per parcel plus ancillary units (guest house) and pool, tennis courts and guest facilities to accommodate. Contact your land use planner. Per TRPA 85,000sq ft at 30% = 25,300 sq ft of allowable coverage. 937 IPES.  

 
 
3490 Pony Express Rd  

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